Alphabet Inc. (NASDAQ:GOOGL – Get Free Report) Director Frances Arnold sold 83 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Frances Arnold also recently made the following trade(s):
- On Friday, August 28th, Frances Arnold sold 82 shares of Alphabet stock. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22.
- On Thursday, July 30th, Frances Arnold sold 82 shares of Alphabet stock. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98.
Alphabet Price Performance
Shares of NASDAQ:GOOGL traded up $5.26 during trading on Friday, reaching $343.50. The company had a trading volume of 22,859,031 shares, compared to its average volume of 30,948,152. The company has a fifty day moving average of $344.26 and a two-hundred day moving average of $347.73. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.20 trillion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21. Alphabet Inc. has a 12 month low of $235.84 and a 12 month high of $408.61.
Alphabet Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s payout ratio is 4.42%.
Institutional Investors Weigh In On Alphabet
Several institutional investors have recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the fourth quarter valued at about $32,000. EMC Capital Management bought a new stake in shares of Alphabet in the fourth quarter worth about $33,000. Core Capital Management & Research inc. bought a new stake in shares of Alphabet in the second quarter worth about $41,000. Premier Financial Group purchased a new position in Alphabet during the 2nd quarter valued at about $45,000. Finally, Bard Associates Inc. purchased a new position in Alphabet during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on GOOGL. Royal Bank Of Canada reissued an “outperform” rating and set a $425.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. Zacks Research cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Wedbush reissued an “outperform” rating and set a $445.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Benchmark restated a “buy” rating on shares of Alphabet in a report on Thursday. Finally, Pivotal Research reaffirmed a “buy” rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $425.60.
View Our Latest Stock Report on Alphabet
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Gemini 4 Argon strengthens Alphabet’s AI narrative. Google says its new flagship model delivers top-tier results in coding, finance, legal work, video understanding and cybersecurity. Analysts view its capabilities and aggressive pricing as potentially pressuring OpenAI, Anthropic and other rivals, although broad access is initially restricted for safety testing. Google Gemini 4 Argon frontier model analysis
- Positive Sentiment: Alphabet’s vertically integrated AI platform remains a potential competitive advantage. The company develops its own chips, cloud infrastructure and models, which could eventually reduce dependence on Nvidia and improve economics as AI adoption grows. JPMorgan reportedly maintained an Overweight view and expects additional upside over the next year. Alphabet threat to Nvidia
- Positive Sentiment: AI infrastructure expansion and strategic investments could create longer-term value. Alphabet is testing its tensor-processing chips in orbit through Project Suncatcher and could benefit from its stake in Anthropic if the AI company’s potential IPO supports a higher valuation. These initiatives are speculative but reinforce the company’s broader AI strategy. Google AI chips launched into orbit
- Neutral Sentiment: YouTube is exploring additional live-sports rights. Expanding free and Premium sports programming could support engagement, subscriptions and advertising, but rights costs and the lack of a specific deal make the financial impact uncertain. YouTube sports strategy
- Negative Sentiment: Investors remain concerned about AI monetization and spending. Alphabet is committing heavily to infrastructure while analysts question whether AI revenue and personal-agent adoption will justify the investment. Meta’s free AI offering also highlights the risk that keeping Google’s comparable product behind a subscription could limit usage and weaken its competitive position. Google Gemini and personal agents
- Negative Sentiment: Legal and consumer-product risks remain overhangs. Google must face publisher claims seeking approximately $3.2 billion in ad-tech damages, while the Pixel 10a price increase to $599 could hurt demand for its budget hardware. Alphabet publisher ad-tech claims
Alphabet Company Profile
Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.
Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.
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